UK - Merrill Lynch Investment Managers (MLIM) has appointed Clare Berthoud as director of its charities team. She joins from Schroder Investment Management and will take up her post this month.
Berthoud spent fifteen years at Schroders, most recently as deputy head of charities. She also worked as a fund manager and oversaw client relationships for both charities and pension funds at the firm.
In her new role, Berthoud will report to charities head Andrew Hunter Johnston and will be responsible for relationships with a number of MLIM’s charity clients.
By Janet Du Chenne
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.